Commerce and Industry Minister Piyush Goyal announced that India and the EU are making rapid progress in negotiations for a comprehensive free trade agreement, potentially concluding it before the year's end. India plans to address concerns regarding EU regulations like carbon tax and deforestation rules during the trade talks.
Bar Council of India Chairman Manan Kumar Mishra has demanded the immediate release and fair trial of Instagram influencer Sharmishta Panoli, arrested for a social media post regarding Operation Sindoor. Mishra criticized the arrest as an assault on freedom of expression, highlighting the government's perceived double standards.
CBIC refuted social media claims of GST registration delays and corruption, clarifying that the applicant hadn't provided necessary details requested by Delhi State GST officers. The application, filed recently, required clarification on the rent agreement signatory's designation. Finance Minister Nirmala Sitharaman emphasized transparency and responsiveness in taxpayer service following the CBIC's clarification.
The CCPA has released guidelines to prevent the illegal sale of radio equipment, including walkie-talkies, on e-commerce platforms. These guidelines address the sale of walkie-talkies without proper frequency disclosure, licensing, or Equipment Type Approval, which violates the Consumer Protection Act. E-commerce entities must verify regulatory compliance and remove listings lacking necessary information.
Trust, deregulation and reciprocation are the cornerstones of avoiding the middle-income trap and achieving long-term economic prosperity, Chief Economic Advisor (CEA) Dr V. Anantha Nageswaran said on Thursday.
The finance ministry has proposed exempting small gold loan borrowers (below Rs 2 lakh) from the RBI's draft guidelines on lending against gold collateral. They also recommended delaying the implementation of the new rules until January 1, 2026, to allow for proper field-level implementation. These suggestions aim to protect small borrowers and address stakeholder concerns regarding the proposed regulations.
The Delhi government is planning to introduce an ordinance to regulate the private school fees. The ordinance may be introduced within a week.
Finance Minister Nirmala Sitharaman will meet representatives of the Confederation of Indian Industry on Tuesday evening to discuss the roll out of reforms in the Goods and Services Tax (GST) regime, according to sources.
The government's conviction for policy reforms will be sustained by the pulse of granular data, Chief Economic Advisor (CEA) Dr V. Anantha Nageswaran has stressed.
Amid ongoing Operation Sindoor, Finance Minister Nirmala Sitharaman directed banks to fortify cybersecurity and ensure uninterrupted services. Enhanced anti-DDoS systems, real-time threat monitoring, and employee safety measures aim to safeguard economic stability in volatile border regions.
The government is contemplating impeachment proceedings against Allahabad High Court judge Yashwant Varma. This follows the discovery of burnt cash at his residence. A Supreme Court panel has already indicted him. Chief Justice of India Sanjiv Khanna had recommended impeachment. Varma denies any connection to the cash. The government intends to consult with opposition parties before proceeding.
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